Precision Camshafts Ltd IPO Message Board (Page 37)

Missed Pinky Jain ....opinion

ASBA family available in Engineers India OFS

Is PCI issue advisable ?
Will PCI yield Profit ?

YES..!!

Hi. Is there any chances of listing on discount od PCL ?

Gmp ...now -8 -10 ....

Hahahahahahuuuuuuuu!!!!!

What you mean? Minus 8/10 ???

eagle eye are u applying precision camshaft

Eagleeye,

I am planning to apply(RII) from 3 accounts 2lot, 6 lot and 7 lot.
Please give me your suggestion.

Apply from 15 accounts ... 1 lot each

usa market dow jones down heavily so indian market will down tomorrow forget pcl ipo what is GMP FOR TEAMLEASE ?

The government has the floor price of Rs 189 per share for divesting 10 per cent stake in Engineers India. The stake sale will be done through the offer for sale (OFS) route on Friday.

The base price is 2.6 per cent lower than the company''s current market price. Shares of Engineers India fell 5.5 per cent to close at Rs 194 on the BSE. The centre is offering 5 per cent additional discount to retail investors.

The government plans to divest nearly 33.7 million shares of the company, which will fetch around Rs 636 crore. Around 20 per cent (6.7 million shares) of the issue is reserved for retail investors.

if the floor price is 189 Rs then what should the least price a retail investor should bid considering the subscription rate will be more? Also based on the bidding price the discount will be given or how it is? please guide I am new to this :(

Eps for FY16 is 8.2 Est. basis but these no. is pre issue. The company is raising Fresh issue that would further lead to dilution of EPS
As per me EPS post issue is Rs. 7 asking around 26-27x where Bharat Forge 4x company trading at 25xPE. At this rate potential upside is less.

EPS for FY15-16 will be 8.50-9.00
(on increased capital post issue)

and
EPS for FY16-17 will be 12.00+

Stock and Shares Definitions

BSE : Bombay Se Exit
NSE : Nation Se Exit
F/O : Future Over
NIFTY : No Income For This Year
FII : Fraudulent International Investor
PE : Plunge Endless
EBITDA : Exit Before It Tumbles Down Again
HNI : Has No Idea
PMS : Pre-Meditated Scam
SIP : Suicide by Investing Patiently.

''SIP'' tickles me most... Suicide by Investing Patiently :)

great job some fun at last been a very busy and heavy day

Precision Camshafts Ltd IPO

EPS for 15-16 to be 8.50+
EPS for 16-17 to be 12.00+

Issue price of 186 is at 15X FY17

Not Expensive ...

Beware, forward looking EPS could trick you. Judging the company based on future years is rational only when the company has limited life- say like a bond where final payment becomes less uncertain as the maturity nears & therefore its yield increases.

But for companies we usually assume perpetual existence or at least very long life & therefore based on tomorrow''s earnings today''s MCap may look attractive but only deceptively so.

gravitas if you ask me DCF is even more worse bcoz value is based on 10 years scan and long however eps is at least next two years

Also at rate of 186 the current events are not discounted. From here upside very less
Even no premium in grey makes it less attractive.
Its already trading at FY17 earnings.
Weak Anchor books adds to my insecurity.

Advice: APPLY ONLY IF QIBs above 10 times

actual it has discounted bcoz six months back companies which we compare ur bharat forge mothers sum was 60% expensive

I am skipping PCL IPO just becano QIBs in this IPO secondly such can be added post listing just as I added Shree pushkar at 62 and Navkar at 152.

Markets are weak so no point taking risk.

not a bad idea i will certainly add more like i did with pushkar

ONCE an person goes to office he will hardly have time to see the figures at 12 noon , hence they may not apply , while others who try to apply after 1 pm may not be able to do so , some or the other issue may rise in applying ,
It is better to decide today itself today ,
I am not applying in PCL AT this price of Rs 186 cut off price

On axis bank which investor category should we select?
RII is not allowing to bid for less than 2 lakh even though it is written it can be applied?

If grey market premium below 5 then don''t apply it. anytime it goes with undu (0)..

SU LAGE CHE
SUBSCRIPTIONS THASE K NAHI
DISCOUNT K PANCHI

Subscriptions figure looking horrible.....i guessing last dates may be extended with lowering price.....

First ipo to 2016

PCL GMPs 4-5 Huge volume

How u people know the grey market premium ?

Can you please let me know

There are agents for merchant brokers who buy and create GMP to attract subscription. Beware.